Donald Trump inauguration and crypto meme coins with Melania Trump push Bitcoin to $109,241 all-time high
The world’s biggest cryptocurrency Bitcoin reached an all-time high of $109,241 on January 20 as United States president-elect Donald Trump prepares to officially take over the White House.
Ahead of crypto-friendly Donald Trump’s inauguration and amid the launch of his and wife Melania Trump’s meme coins — $TRUMP and $MELANIA, Bitcoin surged as much 5.5 per cent to set a fresh record, as per a Bloomberg report.
The token’s rise came after Trump and his wife Melania unveiled memecoins over the weekend, with Trump’s rapidly reaching a market capitalization of more than $15 billion before declining sharply.
Those memecoins briefly rattled the digital-asset market, sapping flows from Bitcoin and smaller tokens while drawing criticism…
